Close  

Megawide team bags phase 1 of Malolos-Clark Railway project

/ 09:00 AM September 21, 2020

ADB’s infographic on the $2.75-billion Malolos-Clark railway project

The consortium of Megawide Construction Corp. (Megawide) and its Korean partners Hyundai Engineering & Construction Co. Ltd. and Dong-ah Geological Engineering Company Ltd. bagged a 17-kilometer segment of the Malolos-Clark Railway Project (MCRP) for an estimated project value of P28 billion.

The notification of award for MCRP package 1 had been issued to the consortium on Sept. 18, Megawide said in a press statement on Monday.

ADVERTISEMENT

MCRP is part of the larger North-South Commuter Railway (NSCR) project of the Department of Transportation (DOTr).

The consortium will undertake building and provision of civil engineering works for around 17 kilometers of viaduct structure, including elevated station buildings in Calumpit, Bulacan and Apalit, Pampanga.

FEATURED STORIES

“Megawide, together with our world-renowned consortium partners in the field of engineering, Hyundai E & C and Dong-ah, is committed to deliver the highest standards of construction and engineering excellence for the MCRP. This will be another first-world infrastructure in the making,” said Edgar Saavedra, chair and CEO of Megawide.

The project’s estimated cost of P28 billion is equivalent to more than half of Megawide’s current order book of P48 billion. It is thus seen to boost the company’s construction segment revenue in the next three to four years during the development phase.

Considering that precast materials and construction ancillary services will be major components for this kind of development, the project is also seen to benefit Megawide’s business units and support expansion plans in this area.

Megawide director Louie Ferrer and chair/CEO Edgar Saavedra

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Dong-ah Geological Engineering Company Ltd., Edgar Saavedra, Hyundai Engineering & Construction Co. Ltd., Megawide, MWIDE
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.